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Portugal's producer price inflation increased in July from the pervious year.
The producer price index, or PPI, rose 4.2% year-on-year in July, faster than a 3.7% growth in the previuos month, a report by the Statistics Portugal showed on Wednesday. Producer prices incresed for the eighth consecutive month. A year earlier, the PPI slipped 6.7%.
On a monthly basis, the PPI rose 0.2% In July, after a flat reading in the preceding month. In the second quarter, producer prices grew 4% on an annual basis, faster than a 2.2% rise in the previous quarter.
Meanwhile, producer prices in manufacturing industry increased 3.7% annually in July and was down 0.1% compared to the preceding month.
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